To help implement a new authority from the Bipartisan Infrastructure Law that exempts projects receiving financial support or credit enhancements from an eligible state energy financing institution (SEFI) from the Title 17 innovative technology requirement, LPO is launching the SEFI Toolkit. The SEFI Toolkit is an online resource to help applicants, potential SEFIs, and policymakers understand the process for becoming a SEFI, communicate the types of SEFIs that are eligible, and provide SEFIs a resource for sharing relevant financial assistance opportunities with prospective borrowers through the SEFI Partnership Portal. Additional SEFI program details and application requirements are described in the Title 17 Clean Energy Financing Program Guide and on the Title 17 Overview web page.

On This Page:


How State Organizations Can Become SEFIs

LPO is reviewing the qualifying statutory information for a variety of SEFIs.  Many states will have several entities that would qualify as SEFIs. State, Tribal, or Alaska Native entities that are considering providing SEFI support to projects should identify statutory language and references and consult with LPO through a pre-application process. LPO will make determinations about SEFI eligibility consistent with the following statutory requirements:

  1. State Recognition: The jurisdiction of the organization must be recognized as a "State" within the meaning of 42 U.S.C. 16511(7) and section 202 of the Energy Conservation and Production act, 42 U.S.C. 6802 (this extends to US territories, for example).
  2. Entity Establishment: The term “state energy financing institution” means a quasi-independent entity or an entity within a State agency or financing authority established by a State.
  3. Purpose and Function: The organization must be established to provide financing support or credit enhancements for eligible projects and to create liquid markets for eligible projects or take other steps to reduce financial barriers to the deployment of existing and new eligible projects. (Note that many states’ entities have had their eligible purpose established through amending legislation.)

SEFIs that are interested in having their qualifications reviewed by LPO to determine their eligibility can contact LPO’s State Outreach and Business Development team at


Example List of Eligible SEFIs

The Department recognizes that there are many potential applicants that want to implement projects in various states that might need SEFI support to qualify for LPO financing. To help potential applicants and policymakers understand the potential SEFIs in a state, LPO is publishing this indicative list of eligible SEFIs.

This indicative list is not exhaustive of those entities that we have determined to be SEFIs, but rather is intended to show how there are a range of potential SEFIs across different states. Note that applicants for a proposed SEFI project can also follow the regular application process by requesting a Pre-Application Consultation to have DOE consider the eligibility of a potential SEFI even if the relevant State, Tribal, or Alaska Native entity is not on the list below.

LPO encourages potential applicants to talk to our State Outreach and Business Development team about their interest in various states. LPO also encourages potential applicants to talk directly to the variety of state agencies and quasi-public agencies that might qualify as SEFIs and identify whether they are prepared to invest in a project that could qualify for LPO financing; and then to get in touch with LPO to continue the conversation about determining if an entity qualifies as a SEFI. 

Potential applicants, as well as potential SEFIs, can reach out to us through our Pre-Application Consultation Request form or at


Defining "Meaningful Financial Support"

DOE determines whether SEFI support is “meaningful” in the context of the specific project and proposed financing structure. As such, projects are evaluated on a case-by-case basis, and potential SEFIs and applicants should consult LPO through a pre-application consultation on the specifics of their proposed project. 

The evaluation of whether a SEFI provides meaningful support may include, but is not limited to, consideration of the following factors: 

1. The overall amount of support provided by the SEFI(s). 

LPO may look to the dollar value of SEFI support, both in an absolute sense and in proportion to the project’s overall costs or financing needs and anticipated DOE support. In evaluating the amount of support being provided by a SEFI, LPO will take into account any direct or indirect transfer rights proposed to be allowed to the SEFI. 

2. The risk level of the type of support the SEFI(s) provides. 

Certain types of financial support or credit enhancements represent a higher degree of risk-taking or risk-sharing than others. Higher degrees of risk taking on the SEFI’s part may constitute more meaningful support.

Considerations and factors based on the level of risk of SEFI projects may include: 

  • The position of the SEFI financial support or credit enhancement in the project’s capital structure. 
  • Whether the financial support is expected to be repaid (i.e., if it is a grant or a loan).
  • Timing of disbursement relative to LPO commitment/disbursement.
  • Duration/tenor of the financial support.
  • Project risk.

LPO may look to the disbursement schedule and conditions for SEFI support in relation to DOE debt, the relative seniority of SEFI support (loan or other) in relation to DOE debt, the tenor of the SEFI facility and, if applicable, the amortization schedule. 

3. Whether SEFI support is offered at below-market terms. 

LPO may look to the rate of return, interest, and fees required or anticipated by the SEFI, and the extent to which these terms are standard under current market conditions for the degree of risk assumed by the SEFI or are instead below-market or concessionary in nature and, thereby, meaningfully reduce financial barriers that may otherwise prevent the deployment of eligible projects. 

The more of a concession the SEFI is taking versus earning a market return, the more “meaningful” the support may be. Where a SEFI offers financial support or credit enhancements on market terms, the existence of this factor is not meant to imply such support cannot be meaningful in accordance with factors 1 and 2. 

LPO will consider the meaningfulness of all types of SEFI financial support or credit enhancements provided in multiple forms in the aggregate. All determinations of meaningfulness of SEFI support will be made on a case-by-case basis taking into account all relevant facts and circumstances. 

The final determination as to meaningfulness of SEFI support will be made when all relevant facts and circumstances of a potential project have been identified and application materials have been submitted, which generally will happen with the issuance of the conditional commitment. Changes to the type and level of SEFI support after conditional commitment could impact DOE’s determination.

If you have a project that may be eligible for financing, please request a no-cost pre-application consultation


SEFI Partnership Portal

SEFI-supported projects present opportunities to maximize the impact of state funding for these initiatives by helping eligible projects gain access to debt capital through LPO’s Title 17 Clean Energy Financing Program.

SEFIs in many states may offer financing support or credit enhancements to entities that implement programs in a state agency’s various priority areas. For example, a state agency may provide grants, loans, or other financial assistance of up to a certain amount for potential applicants, including but not limited to private sector entities or municipalities, that achieve an objective outlined in the funding program. The way states refer to this kind of structure differs by state; but it may be referred to as a “Notice of Funding Opportunity,” “Request for Proposals,” or “Program Opportunity Notice,” among other terms.

LPO publishes and maintains the SEFI Partnership Portal, a list of programs where SEFIs have identified publicly available financial support opportunities relevant for potential LPO applications. The Portal provides a public resource for potential borrowers to LPO who are interested in identifying relevant SEFI project opportunities in these states. The Portal also provides SEFIs a dedicated place to publish state opportunities that could align with LPO financing.  The Portal will be updated on a rolling basis.

Potential LPO Title 17 Clean Energy Financing applicants can use the SEFI Partnership Portal to meet a variety of objectives:

  • Identify opportunities to align potential borrower project financing needs with state policy and SEFI funding objectives.
  • Provide details to potential applicants about the kind of funding awards that are available from the SEFI, such as subordinate debt, mezzanine debt investments, a loan loss reserve, and more.
  • Provide clarity about the overall amount of funding that is available for a particular SEFI program and for what duration the funding is available.
  • Learn about the established timetables for SEFI-related financial opportunities, including publicly available information about application deadlines and timeframe for making relevant awards.
  • Identify the appropriate contact information for SEFIs included in the SEFI Partnership Portal.

The following is a list of relevant financial opportunities published by SEFIs and that are relevant to project opportunities with potential LPO applicants. This Portal includes where interested parties can find out more information about SEFIs and relevant financial assistance programs.

Disclaimer: Please note that by enabling and publishing the SEFI Partnership Portal, LPO is not endorsing, sponsoring, or otherwise evaluating the qualifications of the organizations that are self-identifying themselves for placement on this website or the sufficiency of the financing support that may be offered by such organizations for purposes of eligibility for LPO financing under Title 17.



Relevant Solicitation/Opportunity

Description of Opportunity and Project Areas

Contact Information

New Jersey Economic Development Authority (NJEDA)
New Jersey Green Fund (NJGF) Request for Expressions of Interest
Opportunity for Respondents to express interest in at least $5 million of financial support from the NJGF for potential clean energy projects in NJ. Priority project categories: Zero-Emission Transportation; Clean Energy Generation and Storage; and Building Decarbonization and Resiliency
Ram Akella
Managing Director – Innovation Impact
(609) 462-8792
For RFEI-specific questions and submissions, please email: 
New York State Energy Research and Development Authority (NYSERDA)
State Energy Financing Fund
Through the State Energy Financing Fund, NYSERDA expects to deploy up to $20 Million of direct capital and credit enhancements to eligible entities, at an amount not to exceed the lesser of $5 Million or 3% of an eligible applicant’s proposed project portfolio amount.
John Joshi or 
Luis Aguirre-Torres 
Program Administrators 
Ohio Air Quality Development Authority (OAQDA)
Financing, green bonds, and tax exemptions for air quality improvement projects (e.g. efficiently designed buildings, energy efficiency, renewable energy generation, clean transportation, hydrogen)
Christina O’Keeffe
Executive Director
(614) 466-6825
The Agency supports a wide array of opportunities in the real estate and business development space, including green construction development and redevelopment projects that include significant energy efficiency retrofits, HVAC upgrades for energy and greenhouse gas reduction, renewable energy equipment and decarbonizing industrial and other production equipment.
A whole host of finance tools that include traditional lending, loan guarantees, venture debt, bond financing, PACE financing and direct grants for construction.
Wendy O’Malley
Senior Vice President of Green Financing
(617) 330-2000
Department of Environment, Great Lakes, and Energy
Request for Information
Opportunity for respondents to provide input on a potential Michigan SEFI.

* Check back soon for more information.


SEFIs interested in being represented on this list, or interested in exploring how to obtain a determination of SEFI eligibility for the purposes of the Title 17 Clean Energy Finance Program, should contact


Updated February 2, 2024